Stocks Slide At The Open, A Pair of Dow Retailers Report, Cathie Wood vs. Michael Burry

Carl Quintanilla and Jim Cramer began with a closer look at yesterday’s record close with the S&P 500 doubling from its pandemic bottom, marking the fastest bull market rally since WWII. The anchors then shifted to a pair of big retailers reporting results. Home Depot saw shares slide at the open despite posting a beat on both the top and bottom lines. Contrastingly, Walmart was among the biggest gainers on the Dow with the company receiving a boost from strong grocery sales and back-to-school spending. The anchors also discussed Michael Burry of ‘The Big Short’ betting big against Cathie Wood and her flagship ARK Innovation exchange-traded fund. Also in the mix: Jim Cramer highlighted Airbnb for his “Stop Trading” segment, saying “I like Airbnb more than any hotel during this period.”